11) The following information is from the 2019 records of Downtown Antique Shop: $43,000 (debit) Accounts receivable, December 31, 2019 Allowance for Bad Debts, December 31, 2019 prior to adjustment Net credit sales for 2019 Accounts written off as uncollectible during 2019 Cash sales during 2019 1,500 (debit) 180,000 11,000 28,000 Bad debts expense is estimated by the percent-of-sales method. Management estimates that 3% of net credit sales will be uncollectible. The ending balance of the Allowance for Bad Debts account after adjustment will be A) $6,900 B) $4,740 C) $7,740 D) $3.900 2) The following information is from the 2019 records of Slow Lane Racing Gear: $40,000 (debit) Accounts receivable, December 31, 2019 Allowance for Bad Debts, December 31, 2019 prior to adjustment Net credit sales for 2019 Accounts written off as uncollectible during 2019 Cash sales during 2019 1,700 (debit) 178,000 17,000 32,000 Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $7,000 of accounts receivable will be uncollectible. Calculate the ending balance of Allowance for Bad Debts, after the adjustment for bad debts expense, at December 31, 2019. A) $5,340 B) $10,400 C) $8,000 D) $7,000